Coeur Mining Target of Unusually Large Options Trading (NYSE:CDE)

Coeur Mining, Inc. (NYSE:CDE) was the recipient of unusually large options trading activity on Tuesday. Stock investors purchased 52,921 call options on the company. This represents an increase of approximately 125% compared to the typical daily volume of 23,556 call options.

Coeur Mining Trading Down 2.6%

CDE opened at $25.44 on Tuesday. Coeur Mining has a fifty-two week low of $4.58 and a fifty-two week high of $27.77. The firm has a market capitalization of $16.34 billion, a PE ratio of 38.55 and a beta of 1.24. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.00 and a quick ratio of 1.10. The company’s 50-day moving average is $18.41 and its 200 day moving average is $15.96.

Coeur Mining (NYSE:CDE) last released its quarterly earnings results on Wednesday, October 29th. The basic materials company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). Coeur Mining had a net margin of 24.03% and a return on equity of 15.52%. The company had revenue of $554.57 million for the quarter, compared to analyst estimates of $511.20 million. During the same quarter last year, the firm posted $0.12 EPS. Coeur Mining’s revenue for the quarter was up 76.9% on a year-over-year basis. As a group, research analysts predict that Coeur Mining will post 0.58 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Coeur Mining

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. AQR Capital Management LLC raised its position in Coeur Mining by 60.2% in the first quarter. AQR Capital Management LLC now owns 748,907 shares of the basic materials company’s stock worth $4,434,000 after acquiring an additional 281,489 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of Coeur Mining by 18.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 8,352,940 shares of the basic materials company’s stock valued at $49,449,000 after buying an additional 1,278,110 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Coeur Mining by 122.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,431,244 shares of the basic materials company’s stock worth $14,393,000 after acquiring an additional 1,339,138 shares during the period. Focus Partners Wealth purchased a new stake in Coeur Mining in the 1st quarter worth about $60,000. Finally, Intech Investment Management LLC boosted its position in Coeur Mining by 58.4% during the first quarter. Intech Investment Management LLC now owns 269,203 shares of the basic materials company’s stock worth $1,594,000 after purchasing an additional 99,256 shares during the period. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. TD Securities upped their price target on shares of Coeur Mining from $23.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday, November 11th. Roth Mkm lifted their target price on Coeur Mining from $20.00 to $23.00 and gave the stock a “buy” rating in a report on Monday, December 15th. Raymond James Financial set a $21.00 price objective on shares of Coeur Mining in a research report on Thursday, October 30th. Wall Street Zen upgraded shares of Coeur Mining from a “hold” rating to a “buy” rating in a research note on Sunday, December 21st. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Coeur Mining in a research note on Monday, December 29th. Three investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $18.17.

Coeur Mining Company Profile

Coeur Mining, Inc is a publicly traded precious metals mining company headquartered in Chicago, Illinois. The company specializes in the exploration, development and production of silver and gold deposits, with a focus on high-grade underground and open-pit operations. Through a combination of operating mines and advanced exploration projects, Coeur Mining seeks to deliver consistent production of silver and gold bullion while maintaining industry standards for safety, environmental stewardship and cost management.

Coeur Mining’s portfolio includes five principal operating mines and several exploration projects across North America and Australia.